Question
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price per unit
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below:
| Selling price per unit | $ | 29 |
| Variable expense per unit | $ | 13 |
| Fixed expense per month | $ | 13,440 |
| Unit sales per month | 990 | |
Required:
1. What is the companys margin of safety? (Do not round intermediate calculations.)
2. What is the companys margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below:
| Selling price per unit | $ | 29 |
| Variable expense per unit | $ | 13 |
| Fixed expense per month | $ | 13,440 |
| Unit sales per month | 990 | |
Required:
1. What is the companys margin of safety? (Do not round intermediate calculations.)
2. What is the companys margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)
|
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Are You Legal A Personal Legal Audit And Empowerment Tool
Authors: Nelson P. Miller
1st Edition
099055533X, 978-0990555339
